Analysts Set Eos Energy Enterprises, Inc. (NASDAQ:EOSE) PT at $6.08

Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $6.08.

Several equities analysts have recently issued reports on EOSE shares. Evercore ISI decreased their price target on shares of Eos Energy Enterprises from $12.00 to $7.00 and set an “outperform” rating for the company in a report on Wednesday, March 6th. Guggenheim cut their price objective on shares of Eos Energy Enterprises from $10.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th.

Institutional Investors Weigh In On Eos Energy Enterprises

Several institutional investors and hedge funds have recently added to or reduced their stakes in EOSE. Cambridge Investment Research Advisors Inc. bought a new stake in Eos Energy Enterprises during the 4th quarter worth about $29,000. Itau Unibanco Holding S.A. bought a new stake in Eos Energy Enterprises during the 2nd quarter worth about $32,000. Exchange Traded Concepts LLC bought a new stake in Eos Energy Enterprises during the 3rd quarter worth about $35,000. Bayesian Capital Management LP bought a new stake in Eos Energy Enterprises during the 1st quarter worth about $36,000. Finally, Powell Investment Advisors LLC bought a new stake in Eos Energy Enterprises during the 3rd quarter worth about $39,000. 54.87% of the stock is owned by institutional investors.

Eos Energy Enterprises Stock Down 3.9 %

Shares of EOSE stock opened at $0.74 on Wednesday. Eos Energy Enterprises has a 12-month low of $0.73 and a 12-month high of $5.67. The firm has a market capitalization of $149.96 million, a price-to-earnings ratio of -0.34 and a beta of 2.23. The firm has a fifty day moving average of $0.97 and a 200-day moving average of $1.18.

Eos Energy Enterprises (NASDAQ:EOSE) last announced its quarterly earnings results on Monday, March 4th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.06. The firm had revenue of $6.61 million during the quarter. Research analysts expect that Eos Energy Enterprises will post -0.63 earnings per share for the current year.

Eos Energy Enterprises Company Profile

Eos Energy Enterprises, Inc designs, manufactures, and markets zinc-based energy storage solutions for utility-scale, microgrid, and commercial and industrial (C&I) applications in the United States. The company offers Znyth technology battery energy storage system (BESS), which provides the operating flexibility to manage increased grid complexity and price volatility.